The U.S. Senate has passed the GENIUS Act, establishing the first federal rules for stablecoins, cryptocurrencies pegged to the dollar. The bipartisan bill, approved 68 to 30, requires stablecoin issuers to hold liquid assets and disclose reserves monthly, creating a regulatory framework for this emerging sector. If enacted into law, it marks a significant step toward more oversight and transparency in the crypto market, with ongoing discussions in the House.